DBRS Places Irish Guaranteed Debt Issued by Irish Life & Permanent plc Under Review– Negative, at AA

DBRS today has placed on all ratings of the Irish Government Guaranteed instruments issued by Irish Life & Permanent plc (IL&P) Under Review with Negative Implications. This rating action follows DBRS’s placement of the Republic of Ireland’s rating Under Review with Negative Implications. Today’s rating action does not change IL&P other ratings, including its Non-Guaranteed Long-term Deposits and Non-Guaranteed Long-Term Debt ratings, which remain at BBB (high), Stable trend.

Notes:
All figures are in EUR unless otherwise noted.

For further information related to DBRS’s rating of the Republic of Ireland please see the related press release available on our website under Press Releases.

The applicable methodologies are Global Methodology for Rating Banks and Banking Organisations and Enhanced Methodology for Bank Ratings – Intrinsic and Support Assessments, which can be found on our website under Methodologies.